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Spaceless Debt-Based Monetary Architecture

In: Financing the Race to Space

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Listed:
  • Armen V. Papazian

    (Space Value Foundation)

Abstract

Having revealed a space blind financial value frameworkFinancial value framework and mathematics, our discussion must now address our monetary architectureMonetary architecture. This chapter is about how money is created. It is not an academic and historical review of money and money creationMoney creation, but a factual description based mainly on Bank of EnglandBank of England and US Federal ReserveFederal Reserve (FED) publications. I have adopted this approach intentionally. The purpose is not to debate the many theoretical functions of money or the role of banksBanks as financial intermediaries. My aim here is to demonstrate that money is created through debt instruments.

Suggested Citation

  • Armen V. Papazian, 2024. "Spaceless Debt-Based Monetary Architecture," Springer Books, in: Financing the Race to Space, chapter 0, pages 103-120, Springer.
  • Handle: RePEc:spr:sprchp:978-3-031-73102-0_7
    DOI: 10.1007/978-3-031-73102-0_7
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